•
Sean plans to invest $7,500 for 5 years in one of the following
accounts:
Account I:...
Mathematics, 16.04.2021 07:10 ricky1790
•
Sean plans to invest $7,500 for 5 years in one of the following
accounts:
Account I: pays
62% interest compounded annually, or
• Account II: pays annual simple interest of 7.25%
In which account will Sean earn more money over the five years?
How much more money will he earn than if he had chosen the
other account?
Answers: 3
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